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Tyranna Resources gets further confirmation of Weednanna’s high-grade gold potential

The company owns 28.91% of the Wilcherry Project with Alliance Resources Ltd.

concept of joint venture illustrated by two puzzle pieces
Assays from the final 5 holes of a 22-hole program have been received

Tyranna Resources Ltd (ASX:TYX) has received the final batch of results from its fourth round drilling at the Weednanna gold prospect within the Wilcherry joint venture in South Australia.

Highlights from the latest reverse circulation (RC) drilling assays at Weednanna Target 4 featured 4 metres at 11.6 g/t gold from 76 metres.

These results reinforce Weednanna as a high-grade gold system, following up other recent results including 16 metres at 3.2 g/t from 84 metres and 12 metres at 10.2 g/t gold from 92 metres.

Tyranna holds 28.91% of the project with the remainder held by Alliance Resources Limited (ASX:AGS).

READ: Tyranna Resources and partner eyes high-grade gold shoots at Weednanna

Alliance managing director Steve Johnston said: “The results from the latest round of drilling at Target 4 strengthens our view that Weednanna is a high-grade gold system with potential for economic development.

“With this in mind, we are working towards a maiden mineral resource estimate in the current quarter and leading to a scoping study in 2H 2018.”

15 of the 22-hole program intersected over 1 g/t gold

The 22-hole RC program completed in March comprised of 19 holes at Target 4 and 3 holes to initially test Target 5.

Of the 22 holes drilled, 15 holes intersected over 1 g/t gold including 3 holes that intersected over 50 g/t gold.

The recent drilling confirmed a new Target 5 lode with a best intercept of 8 metres at 2.2 g/t gold from 164 metres.

Further RC drilling planned in 2018

Further RC drilling is planned in 2018 to define the limits of gold mineralisation at Targets 4 and 5 and to test new target areas.

Importantly, drilling will work towards establishing a maiden mineral resource estimate in the first half of 2018.

Quick facts: Tyranna Resources Ltd

Price: 0.005 AUD

ASX:TYX
Market: ASX
Market Cap: $5.59 m
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